Shanghai copper shock rebounded Market risk sentiment has improved

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:02 Beijing time was 9586 US dollars / ton, up 106 US dollars, or 1.
12%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 69790 yuan / ton, up 50 yuan, premium 150-liter 210; Guangdong spot 1# copper price was 69680 yuan / ton, up 70 yuan; Yangtze River spot 1# copper 69830 yuan / ton, up 50 yuan, premium 200-liter 220; Shanghai spot 1# copper price was 69770 yuan / ton, up 100 yuan
.

In the spot market, the holder continues to ship at a high price, while the downstream stops and watches, the receiver just needs to purchase, the trading atmosphere is general, and the transaction activity is not good
.
Market risk sentiment has improved, supply-side disturbances continue, South American strike risk rises, due to the impact of power cuts, Guangxi electrocopper production may reach 20,000 tons, and Shanghai copper stocks still maintain a slight downward trend, copper prices stabilized and rebounded
.

In terms of news, the risk of copper strikes in South American copper mines has increased, copper mine supply disturbances have increased, and the scope of power cuts in the southwest region has expanded, but the market still lacks obvious supply and demand contradictions, so it is difficult for prices to continue to rise or fall sharply, and copper prices are expected to rise and fall limited
.